Digital twin

EQS-News: Following a successful Financial Year 2023, Nemetschek Group targets continued highly profitable double-digit growth for FY 2024

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Wednesday, April 10, 2024
Bluebeam, EUR, Annual, Tax, Software as a service, ARR, Supervisory board, Build, Environment, MDAX, Artificial intelligence, AI, AEC, Design, Digital twin, Investment, Acceleration, Depreciation, Nemetschek, Subscription business model, Food delivery

Following a successful Financial Year 2023, Nemetschek Group targets continued highly profitable double-digit growth for FY 2024

Key Points: 
  • Following a successful Financial Year 2023, Nemetschek Group targets continued highly profitable double-digit growth for FY 2024
    The issuer is solely responsible for the content of this announcement.
  • Following a successful Financial Year 2023, Nemetschek Group targets continued highly profitable double-digit growth for FY 2024
    Outlook 2024: Currency-adjusted revenue growth of 10% to 11% despite continued sub-scription/SaaS transition; attractive EBITDA margin targeted in the range of 30% to 31%
    Munich, March 21, 2024 - The Nemetschek Group (ISIN DE 0006452907), global provider of software solutions for the building and media industries, is optimistic for the current year after a successful financial year 2023.
  • For 2024, the MDAX and TecDAX-listed Group is expecting a return to a currency-adjusted double-digit growth in the range of 10% to 11%.
  • The ARR growth was therefore well above the revenue growth, which indicates a significant growth potential in the coming twelve months.

Analogue Records Net Profit of HK$251.5 Million in FY2023

Retrieved on: 
Monday, March 25, 2024
ICBT, Biophysical environment, Transient-voltage-suppression diode, Building automation, Building, Information, BMS, Precision, Internet of things, Mechanical, ELV, MIC, JCW, TEI, Communication, Multi, Safety, Municipal solid waste, HK1, ESG, Acquisition, MEP, Electricity, Digital twin, Escalator, Engineering, E&M, Building information modeling, O&M, Information and communications technology, Growth, Lift, Water, Business model, Government

-- Profit attributable to owners of the Company increased to HK$251.5 million, a year-on-year growth of 119.5%

Key Points: 
  • -- Profit attributable to owners of the Company increased to HK$251.5 million, a year-on-year growth of 119.5%
    The Group's revenue for the Year was HK$6,132.9 million and gross profit was HK$833.3 million.
  • Profit attributable to owners of the Company was HK$251.5 million, representing a year-on-year increase of 119.5%.
  • The Group's contracts-in-hand remained at a high level of HK$11,459.6 million, providing a solid foundation for the business going forward.
  • Revenue of the Environmental Engineering segment grew by 9.9% to HK$1,356 million year-on-year, with contracts-in-hand amounting to HK$4,165 million as at 31 December 2023.

Learn the Latest Insights on Generative AI from Industry Leaders at Transform! @InfoComm 2024

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Monday, April 8, 2024
Object Management Group, Synthetic media, Transform, GM, Conference, Organization, Health, Transport, Infocommunications, Digital twin, Standardized approach, DTC, Safety, Generative

“Generative AI is reinventing businesses across industries, especially when combined with digital twins,” said Ron Zahavi, Conference Director.

Key Points: 
  • “Generative AI is reinventing businesses across industries, especially when combined with digital twins,” said Ron Zahavi, Conference Director.
  • @Infocomm offers the opportunity to gain insight and engage with industry leaders at the forefront of this technological advancement,” said Dan Isaacs, GM, and CTO of DTC.
  • Generative AI is a large part of the following sessions on the Transform!
  • @InfoComm.

Kikkoman Leverages Matterport's Digital Twin Platform To Digitize Historic Soy Sauce Production Line

Retrieved on: 
Tuesday, March 26, 2024
Imperial Household Agency, Culture, Communication, D2C, RGB, Kikkoman, Digital twin, Glass, Future, BIM, Marketing, Facility management, CAD, Beer

SUNNYVALE, Calif., March 26, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), announced that Kikkoman Corporation, the world’s leading soy sauce producer, has used Matterport's Digital Twin Platform to create a digital twin of the company’s historic Goyogura soy sauce brewery .

Key Points: 
  • SUNNYVALE, Calif., March 26, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), announced that Kikkoman Corporation, the world’s leading soy sauce producer, has used Matterport's Digital Twin Platform to create a digital twin of the company’s historic Goyogura soy sauce brewery .
  • Using Matterport’s Property Marketing solution, Kikkoman aims to offer factory tours to consumers so that it can be shared with the world.
  • Enriched with notes, guides and videos, the digital twin serves as an educational resource for understanding and preserving the traditions and culture of soy sauce production.
  • “We hope that by utilizing Matterport, the charm and craftsmanship of traditional soy sauce production will be passed on to generations to come, not only in Japan but also overseas.

Databricks Launches Data Intelligence Platform for Energy, Bringing Generative AI Capabilities to the Energy Sector

Retrieved on: 
Tuesday, April 9, 2024
Knowledge, CONNECT, Seeq, Octopus Energy, Energy market, Databricks, Organization, Wind, Carbon, LLM, BKO, IP, Catalog, TotalEnergies, AVEVA, Chevron Phillips Chemical, Partner, AMI, Australian Energy Market Operator, Data analysis, Internet of things, Risk, SAN, SVP, Smart meter, Anomaly, Utility, Energy, Privacy, Weather, Shell, AEMO, Digital, Industrial internet of things, Blog, AI, Architecture, Machine learning, Knowledge base, Forecasting, Growth, Transport, Natural Resources, IDEA, Digital twin, ETL, Ecosystem, Renewable energy

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Databricks, the Data and AI company, today announced the Data Intelligence Platform for Energy, a unified platform bringing the power of AI to data and people across the energy sector. Built on an open lakehouse architecture, Databricks' Data Intelligence Platform for Energy enables enterprises to harness vast streams of energy data and develop generative AI applications without sacrificing data privacy or their confidential IP. Energy leaders gain a holistic view into their operations in real time to preemptively address maintenance needs, reduce unplanned downtime, accurately forecast energy generation, and take action for a more efficient, sustainable future.

Key Points: 
  • New Databricks offering provides pre-built accelerators, marketplace solutions, and an ecosystem of partner capabilities tailored to organizations across the energy industry
    SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Databricks , the Data and AI company, today announced the Data Intelligence Platform for Energy, a unified platform bringing the power of AI to data and people across the energy sector.
  • Built on an open lakehouse architecture, Databricks' Data Intelligence Platform for Energy enables enterprises to harness vast streams of energy data and develop generative AI applications without sacrificing data privacy or their confidential IP.
  • Databricks' Data Intelligence Platform for Energy plays a key role in this, allowing us to process and analyze large data sets generated by smart meters," said David Sykes, Head of Data at Octopus Energy.
  • For more information about the Data Intelligence Platform for Energy, read the Databricks blog or visit Databricks' Energy Industry homepage .

Databricks Launches Data Intelligence Platform for Energy, Bringing Generative AI Capabilities to the Energy Sector

Retrieved on: 
Tuesday, April 9, 2024
Knowledge, CONNECT, Seeq, Octopus Energy, Energy market, Databricks, Organization, Wind, Carbon, LLM, BKO, IP, Catalog, TotalEnergies, AVEVA, Chevron Phillips Chemical, Partner, AMI, Australian Energy Market Operator, Data analysis, Internet of things, Risk, SAN, SVP, Smart meter, Anomaly, Utility, Energy, Privacy, Weather, Shell, AEMO, Digital, Industrial internet of things, Blog, AI, Architecture, Machine learning, Knowledge base, Forecasting, Growth, Transport, Natural Resources, IDEA, Digital twin, ETL, Ecosystem, Renewable energy

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Databricks, the Data and AI company, today announced the Data Intelligence Platform for Energy, a unified platform bringing the power of AI to data and people across the energy sector. Built on an open lakehouse architecture, Databricks' Data Intelligence Platform for Energy enables enterprises to harness vast streams of energy data and develop generative AI applications without sacrificing data privacy or their confidential IP. Energy leaders gain a holistic view into their operations in real time to preemptively address maintenance needs, reduce unplanned downtime, accurately forecast energy generation, and take action for a more efficient, sustainable future.

Key Points: 
  • New Databricks offering provides pre-built accelerators, marketplace solutions, and an ecosystem of partner capabilities tailored to organizations across the energy industry
    SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Databricks , the Data and AI company, today announced the Data Intelligence Platform for Energy, a unified platform bringing the power of AI to data and people across the energy sector.
  • Built on an open lakehouse architecture, Databricks' Data Intelligence Platform for Energy enables enterprises to harness vast streams of energy data and develop generative AI applications without sacrificing data privacy or their confidential IP.
  • Databricks' Data Intelligence Platform for Energy plays a key role in this, allowing us to process and analyze large data sets generated by smart meters," said David Sykes, Head of Data at Octopus Energy.
  • For more information about the Data Intelligence Platform for Energy, read the Databricks blog or visit Databricks' Energy Industry homepage .

AGMH Enters Strategic Partnership with AI Service Provider RDA to Construct AI Data Centers

Retrieved on: 
Tuesday, April 9, 2024
PUE, MOU, GPU, PTE, Growth, Digital, Partnership, RDA, RED, AGM, Carbon, Digital twin, Phosphorus

LTD. ("RDA"), for collaborative efforts in constructing AI data centers.

Key Points: 
  • LTD. ("RDA"), for collaborative efforts in constructing AI data centers.
  • Their focus on Cognitive Twin Solutions emphasizes AI-driven optimization for sustainable design and operational efficiency in data centers.
  • Under the MOU, RDA will strategically collaborate with AGMH to pioneer innovative initiatives in constructing AI hyper-connected GPU-driven data centers.
  • Pilot projects for AI data centers in Asia and Canada are set to commence, with further details to be discussed.

Marelli to Promote Design-Led Innovation at the Beijing International Automotive Exhibition

Retrieved on: 
Monday, April 8, 2024
Projection, EVP, Communication, Artificial intelligence, AI, Digital twin, Architecture, CO2, CES, Lidar, Auto China, MicroLED, Video game

The company will offer an invitation-only, curated experience that will introduce guests to Marelli's approach to Design-Led Innovation.

Key Points: 
  • The company will offer an invitation-only, curated experience that will introduce guests to Marelli's approach to Design-Led Innovation.
  • Marelli will showcase its latest technologies, with a particular focus on China market, where the company has a long-standing presence.
  • The company's Digital Twin demonstrator will show how Marelli can replicate a vehicle cockpit in the cloud, to accelerate design, testing, simulation, and feature deployment over-the-air.
  • Marelli will showcase lighting and 360° communication technologies including a working demonstration of a LiDAR sensor in a headlamp.

Model Based Enterprise Market worth $27.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, April 8, 2024
Component, Device, PLC, HCLTech, Metal, Investment, Manufacturing execution system, Mobile robot, Distributed control system, PTC, PAM, Statistics, User interface, SCADA, Machine vision, 3D, Dassault Group, Ansys, Organization, Industrial internet of things, SAP, NX, Digital twin, CATIA, Automotive industry, HMI, Autodesk, MBE, Transport, Occupational safety and health, MES, Industrial, Condition monitoring

Solutions include designing, processing, and management software associated with the model based enterprise.

Key Points: 
  • Solutions include designing, processing, and management software associated with the model based enterprise.
  • This new feature of SOLIDWORKS software would allow users to shift their focus from 2D detailing to 3D annotations and 3D views.
  • North America is expected to hold a significant market share of the model based enterprise industry during the forecast period.
  • The key players in the model based enterprise industry include Siemens (Germany), PTC (US), Dassault Systèmes (France), SAP (Germany), Autodesk Inc. (US), HCL Technologies Limited (India), Oracle (US) and others.

Model Based Enterprise Market worth $27.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, April 8, 2024
Component, Device, PLC, HCLTech, Metal, Investment, Manufacturing execution system, Mobile robot, Distributed control system, PTC, PAM, Statistics, User interface, SCADA, Machine vision, 3D, Dassault Group, Ansys, Organization, Industrial internet of things, SAP, NX, Digital twin, CATIA, Automotive industry, HMI, Autodesk, MBE, Transport, Occupational safety and health, MES, Industrial, Condition monitoring

Solutions include designing, processing, and management software associated with the model based enterprise.

Key Points: 
  • Solutions include designing, processing, and management software associated with the model based enterprise.
  • This new feature of SOLIDWORKS software would allow users to shift their focus from 2D detailing to 3D annotations and 3D views.
  • North America is expected to hold a significant market share of the model based enterprise industry during the forecast period.
  • The key players in the model based enterprise industry include Siemens (Germany), PTC (US), Dassault Systèmes (France), SAP (Germany), Autodesk Inc. (US), HCL Technologies Limited (India), Oracle (US) and others.